Swiss Franc Could Weaken Further if SNB Avoids Lifting Rates
Dow Jones
Sep 25
1127 GMT - The Swiss franc faces further losses as it hits a 16-month low against the dollar and a one-week low versus the euro, ING's Francesco Pesole says in a note. The market is fully pricing an interest-rate rise by the Swiss National Bank by March but this looks unlikely, he says. The SNB held rates at 0% on Thursday and signalled little concerns about inflationary risks. The dollar rises to as high as 0.8298 francs and ING expects it to reach 0.8500 if the Federal Reserve raises rates again in October. The euro rises to a high of 0.9455 francs and ING sees it potentially rising above 0.9480.
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